XRP gets legal recognition as property in India: Why this court ruling matters

The crypto market is experiencing a significant downturn, with over $90 billion in value disappearing in just one hour. This sharp sell-off has resulted in more than $1.3 billion in forced liquidations as traders are unable to maintain their leveraged positions. Bitcoin has fallen below $105,000, continuing a troubling trend that began last week, while major altcoins like Ethereum, Solana, and XRP are also suffering. This situation is crucial as it highlights the volatility of the crypto market and the risks involved for investors.

XRP has recently dropped to $2.25, raising concerns among investors as the risk of a death-cross pattern looms due to significant whale selling. This decline highlights the volatility in the cryptocurrency market and the potential for further losses, making it crucial for investors to stay informed and cautious.

Bitnomial, a derivatives exchange based in Chicago, has made a significant move by becoming the first platform to support Ripple USD as margin collateral for traders. This expansion of crypto margin options, including the addition of XRP, is a game-changer for traders looking for more flexibility and opportunities in the cryptocurrency market.

Ripple's recent launch of Ripple Prime in the US marks a significant step for the company, enhancing its presence in the US financial market and potentially boosting the XRP price. This new spot prime brokerage firm is expected to reshape XRP's role in institutional trading and liquidity, drawing attention from analysts and investors alike. As Ripple continues to innovate, this development could lead to greater adoption and stability for XRP, making it a noteworthy event in the cryptocurrency landscape.

Institutional investors are increasingly turning their attention to XRP and Solana, significantly boosting their holdings while selling off Bitcoin. This shift is largely driven by the recent launch of altcoin ETFs in the U.S., which allow for direct investment in these cryptocurrencies. This trend is important as it indicates a growing confidence in alternative cryptocurrencies and could signal a broader change in market dynamics, potentially leading to increased adoption and investment in the crypto space.

XRP's price is facing a downturn, with predictions suggesting it could drop to a crucial support level of $2. If it falls below this threshold, it could invalidate a promising double-bottom pattern. Despite this setback, the growth of ETFs and milestones in the stablecoin sector provide a glimmer of hope for investors. Understanding these dynamics is essential as they could influence market sentiment and investment strategies moving forward.

Today, lawyers for Sam Bankman-Fried are set to present their case in court, seeking a retrial over his conviction related to the FTX fraud. This appeal is significant as it could set important legal precedents for financial fraud cases and shape future regulations in the cryptocurrency industry, which is still navigating its legal landscape.

Bitnomial has made a significant move by adding RLUSD and XRP as margin collateral, which expands its offerings in the crypto derivatives market. This is important because it enhances trading options for investors and reflects the growing acceptance of cryptocurrencies in traditional finance. By diversifying collateral options, Bitnomial is positioning itself as a competitive player in the evolving landscape of digital assets.

The cryptocurrency Aster faced significant selling pressure after a brief price surge sparked by Binance founder Changpeng Zhao's endorsement. While his comment initially boosted the token's value, the excitement quickly faded as the overall market weakened, leading to a sharp decline in Aster's price, erasing most of its gains.

Fulcrum has just launched a fully insured crypto lending platform regulated in Switzerland, allowing users to access loans backed by popular cryptocurrencies and stablecoins.

The Berachain Foundation has successfully recovered $12.8 million following a recent exploit involving Balancer V2. This recovery was made possible through a hard fork and a coordinated chain restart, showcasing the resilience of the blockchain community.

CleanSpark is making strides by expanding its power capacity and securing a new site in Texas for its AI campus. This move highlights a significant trend among Bitcoin miners who are increasingly focusing on high-performance computing.

Bitcoin has dropped below $100,000, reaching its lowest point in four months. Analysts suggest that the market is currently dominated by sellers, and they believe that the effects of the recent sell-off on October 10 are still being felt.

Bitcoin faced its second worst day in 2025, experiencing significant losses and increased volatility due to macroeconomic pressures and technical selling trends.